Marcus and Millichap is pleased to present 2470 B Street, a building symbolizing the enriched history and charm of Golden Hill. Built in 1898 by the famous Quayle architects and meticulously maintained over time, the property is located on a section of Golden Hill that overlooks Coronado and Downtown, known as the “Slopes” to locals . The unit mix consists of spacious (4) two bedroom / one bath units, (7) one bedroom units, and (3) studios.
Around 2000, the property went through extensive upgrades including kitchens, bathrooms, flooring, landscaping, plumbing, and electrical. The subject property’s inviting courtyard makes the setting highly desirable for tenants. Some of the units contain patios overlooking the courtyard. Other attributes include on-site laundry, secured gated entry, (11) off street parking spaces and (2) single car garages. The property itself is historically eligible, but the owners have not taken advantage of the historical designation for substantial property tax relief.
2470 B Street is near Golden Hill’s main corridor, 25th Street. Neighbors boast of a welcoming and appreciating neighborhood close to restaurants, retail, transportation and education. This metro community is next to downtown’s Upper East Village IDEA District, and the subject property is one block from Balboa Park.
Lastly, this property grants the opportunity for the new owner to make some standard enhancements to the units as well as implement the RUBS system to increase the income. 2470 B Street would be perfect for the investor seeking to bring rents to market in a high-demand, pride of ownership area.
